LendingTree is a loan matching service that reduces the hassle of searching for the right loans all on your own. If you are interested, continue reading the review to find out if LendingTree could benefit you.
Simply fill out your information, such as how much you need, your income, credit score and more, and then LendingTree will work its magic.
Some services that LendingTree offers that other loan providers might not are:
- The option to have co-signers
- Quick funding
- Flexible fund use
- Soft credit check
LendingTree Information
Let LendingTree find the loans that best suit you!
With LendingTree, they are affiliated with many lenders can are well known. However, they cannot promise that you’ll be able to find a loan that meets the expectations you have. Fortunately, they do offer a large variety of options so the chances of you finding what you want are higher.
LendingTree will enable you to track your credit score for free as well. This online website is great for people who borrow a lot as well. Additionally, once you’ve signed up for an account, you’ll be able to download the LendingTree app too. LendingTree will continue to work and look for better offers even after you’ve picked a loan.
LendingTree Terms & Fees
Since LendingTree is not a direct lender, they don’t have a specific interest rate or fees. Once you’ve applied for LendingTree, they will offer you several rates, fees, and extra charges from the averages of other lenders. Check it out below:
| Lender | LendingTree |
| APR | 5.99% – 29.99% |
| Loan Amount | $1,000 to $35,000 |
| Term Length | 1 to 5 years |
| Origination Fee | Up to the lender |
| Prepayment Fee | Up to the lender |
| Late Fee | Up to the lender |
| NSF Payment Fee | Up to the lender |
| Minimum Gross Income | N/A |
| Minimum Credit Score | 660 |
| Repayment Options | N/A |
LendingTree Personal Loan Eligibility
There are no exact eligible requirements when applying for a personal loan from LendingTree.
Since LendingTree matches your credit score and history with a loan offer that is best suited for you, you just need to have a decent credit score and you’re set.
However, the average recommended credit score that most applicants have is 660.
Pros and Cons of a LendingTree Personal Loan
- LendingTree is affiliated with a lot of big name lending companies.
- LendingTree lets you apply for multiple lenders at once.
- There are no application fees for LendingTree personally, but depending on the lender you choose theirs might vary.
- You can consistently keep track of your credit score online or on the LendingTree mobile app.
- LendingTree actually continues to search for better offers even once you have decided on a loan.
- You can use your personal loans towards literally anything.
- Since LendingTree offers unsecured lenders sometimes, you might come across questionable ones.
- Multiple lenders will try to contact you at once so if that becomes to overwhelming to handle, then LendingTree’s services may not be the best choices for you.
- The lower your credit score, the weaker the services will be. Low credit scores can risk being shown to non trustworthy loan providers.
- Once you have decided on lenders, you cannot stop them from contacting you, so choose them carefully.
How To Apply For a LendingTree Personal Loan
These are the requirements that you will need to qualify for a personal loan from LendingTree.
- Fill out a brief personal loan application on LendingTree’s website for the loan amount you want.
- LendingTree will then redirect you to a page where it automatically starts comparing your information in order to match you with the best loan for your situation.
- From there you can compare various loan offers and decide which one works for you.
Conclusion
Overall, LendingTree aims to remove the stress of searching for personal loans on your own.
They are even affiliated with some popular lenders and you can have co-signers if you don’t have a high enough credit score.
You can also keep track of your credit score for free on their site and mobile app (available for iOS and Android).
(Visit LendingTree for more details)
